Trying to buy a house in Metro Vancouver remains a “contact sport.”
The Real Estate Board of Greater Vancouver says home buyers continue to compete for homes listed for sale across the region.
Sales totalled 4400 this last June, an increase of 0.6% from June of last year, and down significantly from May.
The benchmark price for all residential properties in Metro Vancouver is currently $917,800 – that’s a 32% spike compared to June of last year.
In the Fraser Valley, the “benchmark” average price of a single family detached home in June was $861,600, an increase of 41% from June of last year.
June saw a record-setting number of home sales for the month historically, but continued easing off in North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.
The Fraser Valley Real Estate Board saw an 18% increase in sales of all property types this June compared to June 2015.